Trading Made Simple | Page 6285 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #125,681
  • Sep 27, 2021 8:18pm Sep 27, 2021 8:18pm
Quoting tommydoginti
{quote} Hi Tabary, I am with you buying GU. Just that my entry timeframe is m15. Just as what I mentioned to you in previous posts, I trade reversal with more confluences. Just apply a few PA as of #647 1. Previous Highs/Lows 2. Rejections 3. Trend Price was in a downtrend but extended. Last Friday it spiked up and dropped but failed to break previous high 1.366. Price went to ranging and rejected at 1.366 multiple times followed by a fakeout and formation of Higher Highs and Lower Lows. Uptrend, regardless of its duration in the future, is formed...

@tommydog

You can easily show all your old trades on your charts.

My post #125,528 is a video to explain how you can do that easily.
https://www.forexfactory.com/thread/...2#post13721032

How to show trades from your MT4 Teminal Account History on your chart. Post#52,163


... your secret is safe with me for now... you know what I mean...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,682
  • Edited 9:09pm Sep 27, 2021 8:27pm | Edited 9:09pm
Quoting tommydoginti
{quote} Removing indicators is the way to progress in Trading Made Simple. Just like pips29 mentioned, use the information of the price chart, not indicators or EAs. I also trade a lot countertrend, even in direction of main trend I trade reversals. Just as mentioned I am more aggressive when trading with main trend. TDI cross are countertrend signals trade well

"Removing indicators is the way to progress in Trading Made Simple."

First you learn and with lots of practice, practice, practice ...then Deep Practice, ... then Deliberate Practice ... UNTIL you achieve Trading Mastery then only you can start strip the tools you use. Tools like the Stoch and the TDI used in Trading Made Simple and return to the original 5-Method. Last-in First-Out principle, the TDi was the last tool Big E added in, so it will be the first to be out.

When would you know if you have achieved Trading Mastery?

I use Big E' Post#7555 as the 'yard-stick' for Big E Trading Made Simple.

... between $500 and $1,000 per trading day then you earn the respect of other traders here.



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,683
  • Sep 27, 2021 8:36pm Sep 27, 2021 8:36pm
Quoting dylan97
{quote} Did you set any target tp? For me, I aways set 1:2 win ratio, and after new h4 candle generated, I put my SL below the candle.

I would manage the downside of all trade with risk 'R'. This R is your maximum loss and you use Position Sizing to determine your trade lot size.

Let the market decide the upside ...multiple Rs. in profits.

Pick a trade in the correct market type and have bigger potential to make many Rs return.

You Exit Strategy will important and how you manage your trades.

Like this illustration posted below:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Sep23 h4 V19 3R trade.png Size: 103 KB


Landing is more crucial than the take-off .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,684
  • Sep 27, 2021 8:38pm Sep 27, 2021 8:38pm
Inserted Video


Why does TMS work?
If you are good at something, never do it for free--Joker
  • #125,685
  • Sep 27, 2021 8:44pm Sep 27, 2021 8:44pm
Quoting emmanuel7788
{quote} USDJPY Sep 27 H4 - TMS_V19 Information EA > Weekly Trend 2/8 is bullish > TDIC1 Daily is green > 5EMA is neutral - price action pull back from 110.79 Weekly - Daily PA still above its 5EMA - taking this H4 sell is risky {image}

UJ Sep28 trade running ...

- yesterday I made one mistake closing the first buy when I was thinking of add-on ... clicked on the wrong button on the trade panel

- today I added one buy when day open

- looking at a possible test 111.19 WCC high


Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep28 trade running 28-9-2021 9-39-02 am.png Size: 46 KB

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep 28 H4 V19 update 28-9-2021 9-43-53 am.png Size: 99 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,686
  • Sep 27, 2021 8:51pm Sep 27, 2021 8:51pm
Quoting jmn5611
https://www.youtube.com/watch?v=36GT2zI8lVA Why does TMS work?

I have not watch the video yet. I will...

Trading Made Simple is a BELIEF and that has been great for me ... because of my Mental Strategies I developed over the last 10 years. That is my EDGE. I have a very good mentor I met in 2011 the week of the Japan Tsunami, can never forget that event. It was the beginning of my transformation journey.

Two very good books:

Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Mental Edge in Trading by Jason Williams2.png Size: 556 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,687
  • Sep 27, 2021 9:01pm Sep 27, 2021 9:01pm
Quoting mosiskv
Hi Eelfranz did not mention this candle in this thread and I remembered it only vaguely from many many moons ago as it does not seem to be generally used BUT for those who are perhaps wondering about the "Yao Ming" - "candle?". 1) Sam-FX (Monday 12 July 2010) - If Marubozu candlestick is real person, it will be like “Yao Ming” in the real world, very tall. 2) Here on FF: - Sonic R. System...

hey @Mos

I know you are resourceful person and know where to find things which you can peddle online to innocent buyers.

Here is one latest one ... still hot ... fresh from the oven .

Trend Trading with VSA
https://www.forexfactory.com/thread/...ading-with-vsa

TMS folks can learn more when they plan to move into trading Market Indices and Futures.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,688
  • Sep 27, 2021 9:57pm Sep 27, 2021 9:57pm
Dear Teachers!

Am I correct if having a good setup to go long with AUDUSD?
Attached Image (click to enlarge)
Click to Enlarge Name: 4c7b749b35089ee989aed8abebfc621a.png Size: 139 KB
[You're never wrong when you're doing the right things]
  • #125,689
  • Sep 27, 2021 10:10pm Sep 27, 2021 10:10pm
Quoting Ihyx
{quote} im glad he asked and you responded, so where can i find info on the time frames OP use to get involved in the markets? Also, was there a specific pair he use to trade or can this work for any market?
Hi Ihyx,

BigE has mentioned trading multiple pairs. Besides the one I quoted in previous post regarding BigE saying TMS works for any timeframes and pairs, he also mentioned some pairs he traded and with charts setup.

#63
I'd say pick the charts you like to trade and understand their movements... breathing patterns...

I always like to have the E/U, G/U and A/U side by side on top plus one more chart. Those three charts tend to move together in the same direction. So if I see a set up on one I usually find a set up on one or both on the other pairs. I've made a lot of pips trading all three at the same time.

I usually include 2-3 Japaneese charts... a Usd/Cad chart. Always end up with 8 charts on one page.

Dean trades these on top...e/u, g/u e/j, a/u left to right and these below... left to right... u/chf, u/j, g/j , u/cad. Setting them up that way generally means the top chart is moving in one direction and the one directly below moves in the opposite direction...
  • #125,690
  • Sep 27, 2021 10:16pm Sep 27, 2021 10:16pm
Quoting joced92
Good afternoon, I just joined this forum, I am new to trading but I have doubts about how to use the method, please someone who can help me, how can I start with this strategy?
I suggest you to read only BigE's (@Eelfranz's profile here) posts to start learning the Trading Made Simple method.

You can download / setup your charts with the TMS tools, TDI green&red, etc. It can be done with any platforms as the identities of all tools are defined. You can also use the MT4 tools in #25. As of BigE, when no trades are open, always refresh chart before making any analysis.

As of backtesting, one long-time troll will say it cannot be done because of "repainting" of indicators, which is not the case. All TMS indicators are non-repainting indicators and the "repainting" issue is MQL4 issue applied to all custom indicators.

Don't let false information slows down your learning and backtesting.
For more information

#125035
Question: Can
Short answer is YES. you can backtest with TMS TDI green red indicator at #25

Long answer is the indi needs refreshing before performing analysis (At least before trade open, BigE #11). So actually extra caution is needed when FORWARD testing.

Additional info:
1. MQL community, one of many threads concerning iCustom() (used in TDI indi #25) giving wrong values in new candle formations
https://www.mql5.com/en/forum/223727

2. #122947
Detailed explanation of the TDI #25 is not “repainting”

3. #123685
explaning that manual backtest is possible because it is “refreshed” and if EA, needs a coding trick so it’s buffered values can be “refreshed” in tick backtest

4. #124552
(thanks Tekkies)
summary of posts that BigE refreshed chart BEFORE analysis and trade executions.


I expect some TROLLS will fixate on their misunderstanding. But they won’t be able to provide evidence.

you know what, try it yourself and you will know what the info above means.
Do not be deceived and waste your valuable time in your trading progress.

trade well.
  • #125,691
  • Sep 27, 2021 10:18pm Sep 27, 2021 10:18pm
Quoting tommydoginti
{quote} I suggest you to read only BigE's (@Eelfranz's profile here) posts to start learning the Trading Made Simple method. You can download / setup your charts with the TMS tools, TDI green&red, etc. It can be done with any platforms as the identities of all tools are defined. You can also use the MT4 tools in #25. As of BigE, when no trades are open, always refresh chart before making any analysis. As of backtesting, one long-time troll will say it cannot...
That is described in multiple posts of BigE including #11

Thanks Tekkies for the brief summary in previous post.
#124552
He saw that "turn off the pc" and revealed the missing key to BigE's 5 Method which is:
>> refresh chart before you even look at the chart.
#1...... You ever woke in the morning popping on your pc and find you made 150 pips while you slept...
#11..... If I see a set up... green just crossing red I'll take the trade, turn off the pc and go to bed.
#276.... I check on any time frame I'm trading... and at night when nature calls I pop on the pc and take a quick look...
(Thank you Tommy)

Now all of BigE's posts have meaning, his training charts make sense for they are refreshed chart's, his post has clarity now for they are based on refreshed chart and not on "old" TDI crossovers (unrefreshed charts)
  • #125,692
  • Sep 27, 2021 10:26pm Sep 27, 2021 10:26pm
Quoting lynnc
{quote} I saw it a bit late but put it in anyway, if I had been on time it would have reached 50 pips so took it for half of that, considering the time of day. {image}
Hi Lynnc,

Happy to see you profiting from BigE's Trading Made Simple. Divergence is good with TMS because they have no overlapping roles but complementary.

You can set up alerts to notify you to check charts and execute trades, that can reduce the risk of you spotting a good setup but miss the best timing to enter trade.

Trade well!
  • #125,693
  • Sep 27, 2021 10:28pm Sep 27, 2021 10:28pm
AJ, Buy Trade
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 38 KB
MA provides the market's current direction and strength.
  • #125,694
  • Sep 27, 2021 10:34pm Sep 27, 2021 10:34pm
Hi,
What you think about GBPCHF, I am looking for buying low opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 39 KB
MA provides the market's current direction and strength.
  • #125,695
  • Sep 27, 2021 10:34pm Sep 27, 2021 10:34pm
Quoting jk.kapital
Dear Teachers! Am I correct if having a good setup to go long with AUDUSD? {image}
Applying some basic Price Action as of #647

Series of higher lows. Buy is a reasonable decision. First level to look out is previous high that came with takeout rejection to downswing 0.7315, can be TP or trail SL milestone. Depending on your exit plan. Dropping down to LTF for entry upon TDI signals is a way to enter at better price and in safe (profit) zone quickly

Attached Image (click to enlarge)
Click to Enlarge Name: 817096A4-13B9-4410-B10F-06E0EEDAAA5B.jpeg Size: 751 KB
  • #125,696
  • Sep 27, 2021 11:58pm Sep 27, 2021 11:58pm
Quoting tommydoginti
{quote} Applying some basic Price Action as of #647 Series of higher lows. Buy is a reasonable decision. First level to look out is previous high that came with takeout rejection to downswing 0.7315, can be TP or trail SL milestone. Depending on your exit plan. Dropping down to LTF for entry upon TDI signals is a way to enter at better price and in safe (profit) zone quickly {image}
Ok Sir !!
MA provides the market's current direction and strength.
  • #125,697
  • Sep 28, 2021 12:32am Sep 28, 2021 12:32am
Quoting tommydoginti
{quote}As of backtesting, one long-time troll will say it cannot be done because of "repainting" of indicators, which is not the case.
Hi, Tommy am I one of these?:
Attached Image
--------
Tommy, if you are happy that TDI can be back tested, I am sure that many traders will not be happy about discrepancy between a MT4 refreshed chart (top) and MT4 Tester(below)
The two charts will never give the same profit/loss ratio for all TDI green cross red.
(Looks like there is a extra bar in Tester that move all crossover one bar forward.)
Attached Image (click to enlarge)
Click to Enlarge Name: back.PNG Size: 57 KB
  • #125,698
  • Sep 28, 2021 12:47am Sep 28, 2021 12:47am
Quoting Tekkies
{quote} Hi, Tommy am I one of these?: {image}-------- Tommy, if you are happy that TDI can be back tested, I am sure that many traders will not be happy about discrepancy between a MT4 refreshed chart (top) and MT4 Tester(below) The two charts will never give the same profit/loss ratio for all TDI green cross red. (Looks like there is a extra bar in Tester that move all crossover one bar forward.) {image}
Hi Tekkies,

You can simply open a chart and load up the indicators, which would be a “refreshed” chart with correct TDI values corresponding each candle.

as of strategy tester, do you use “open price only” or “each tick”?
Also do u have source code of your TDI green red Malty? I guess your indi requires two ticks (last one of previous candle and first tick of current new candle) to recognise new candle. Maybe it is the cause of it being “one tick late” in “open price only” mode, which means one candle late as one tick per candle in this mode.
Another possibility is the first “tick” as you run the tester is the first tick of new candle and the indi lacks the tick for last candle to execute its first “new candle” function. I haven’t use MT4 strategy tester to do manual backtest.
  • #125,699
  • Edited 1:09am Sep 28, 2021 12:54am | Edited 1:09am
Quoting Tabary
i was open another trade early today i took a buy signal at GBPUSD, and close my mt4 until now it's been up 4 pip maybe i took the right signal this time ? i enter the trade a bit too late after the 2nd bullish HA close {image}

hi @Tabary

here is today Sep28 H4 at Big E 10PM PDT

- still active open trade window

GBPUSD Sep28 H4 10PM PDT Tokyo 2PM 4hr

> that PA setup is BUEOB

one of the Three Powerful FOREX Price Patterns you can use with Post#647

see Post#125, 677 for download


Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep28 H4 10PM PDT 28-9-2021 1-52-33 pm.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,700
  • Sep 28, 2021 12:59am Sep 28, 2021 12:59am
Quoting Tekkies
{quote} Hi, Tommy am I one of these?: {image}-------- Tommy, if you are happy that TDI can be back tested, I am sure that many traders will not be happy about discrepancy between a MT4 refreshed chart (top) and MT4 Tester(below) The two charts will never give the same profit/loss ratio for all TDI green cross red. (Looks like there is a extra bar in Tester that move all crossover one bar forward.) {image}

@Tekkies

All versions of the TDI indicators can be tested with historical live data.

Many of old timers in this threads use Forex Tester 2.0

just search "Forex Tester" or "ForexTester"


example:
https://www.forexfactory.com/thread/...77#post7946977
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
67 traders viewing now